Question: Chapter 7 Compare and contrast how a Chapter 13 Bankruptcy filing can be utilized for sole proprietors vs. owners of separate-entity, albeit, small businesses, like

Chapter 7 Compare and contrast how a Chapter 13

Chapter 7 Compare and contrast how a Chapter 13 Bankruptcy filing can be utilized for sole proprietors vs. owners of separate-entity, albeit, small businesses, like LLCs or Inc. The COVID-19 pandemic has taken its toll on many small businesses. Chapters 7 or 11 could be options as well for owners of small separate-entity businesses. However, for owners of separate-entity small businesses like LLCs or Inc.'s, that might be too small for a traditional Chapter 11 case, explain the new Subchapter Five (V) Bankruptcy option and how it benefits small businesses. 1 Chapter 7 Compare and contrast how a Chapter 13 Bankruptcy filing can be utilized for sole proprietors vs. owners of separate-entity, albeit, small businesses, like LLCs or Inc. The COVID-19 pandemic has taken its toll on many small businesses. Chapters 7 or 11 could be options as well for owners of small separate-entity businesses. However, for owners of separate-entity small businesses like LLCs or Inc.'s, that might be too small for a traditional Chapter 11 case, explain the new Subchapter Five (V) Bankruptcy option and how it benefits small businesses. 1

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